According to research, 80 percent of Londoners think that house prices will continue to soar over the next couple of years.

The figures, released by a mortgage insurance group, showed that those in the UK capital and the South East are more positive about house prices in comparison to those based in the North.

The key obstacle to owning a home was revealed to be saving for a deposit – with over four-fifths of the 1,000 people spoken to claiming that this was problematic.

Some 79 percent said that they needed assistance from the Bank of Mum and Dad to get a mortgage.

House prices in Central London grew by 7.5 percent in April in comparison to a year ago, unchanged from March.

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Telegraph

 

 

About the author

Nicolas Holmes

Nick joined Robert Holmes to inject fresh ideas and help grow the New Homes department of Robert Holmes as well as helping to inject technology into the business and to grow its client base. Together with one of the Directors Nick is in charge of all Development opportunities that Robert Holmes deals with along with sales. Aged 40, he provides succession together with the two existing directors. Nick has always been focused on building client relationships and sales. He built up his own gallery in Chelsea, where he had a loyal following of customers and artists.

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